AGNC Investment Corp. (NASDAQ:AGNCL) Sees Significant Growth in Short Interest

AGNC Investment Corp. (NASDAQ:AGNCL) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 20,288 shares, an increase of 253.5% from the February 26th total of 5,739 shares. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is presently 1.8 days.

AGNC Investment Price Performance

Shares of AGNCL opened at $25.10 on Thursday. The firm has a fifty day moving average price of $25.07 and a 200-day moving average price of $24.89. AGNC Investment has a 12-month low of $22.84 and a 12-month high of $26.59.

AGNC Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be given a $0.4844 dividend. This represents a $1.94 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Wednesday, April 1st.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust that specializes in investing in U.S. agency residential mortgage–backed securities guaranteed by government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company seeks to generate income by capturing the spread between the yields on its mortgage assets and its cost of funds, utilizing leverage provided primarily through short-term repurchase agreements with major financial institutions.

The firm’s portfolio is comprised of fixed-rate and adjustable-rate mortgage pools, with holdings diversified across coupons, vintages and collateral characteristics to manage prepayment and extension risk.